The Home Depot, Inc. (NYSE:HD) Shares Sold by Umpqua Bank

Umpqua Bank trimmed its position in The Home Depot, Inc. (NYSE:HD) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,879 shares of the home improvement retailer’s stock after selling 213 shares during the quarter. Umpqua Bank’s holdings in Home Depot were worth $1,977,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. Fairway Wealth LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $33,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the 3rd quarter worth approximately $46,000. Denver PWM LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $40,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Home Depot by 68.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after acquiring an additional 51 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 3.0 %

Shares of Home Depot stock opened at $388.19 on Thursday. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company has a market capitalization of $385.59 billion, a P/E ratio of 26.12, a PEG ratio of 2.74 and a beta of 1.01. The company’s fifty day moving average is $393.80 and its two-hundred day moving average is $363.10.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the firm posted $4.65 EPS. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. Analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is currently 60.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Guggenheim increased their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. Wells Fargo & Company increased their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays increased their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $416.37.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.